Description
Transmission Capital Partners was declared preferred bidder for the Gunfleet Sands offshore transmission licence on 5th August 2010 and established TC Gunfleet Sands OFTO Ltd as a special purpose company to acquire the Gunfleet Sands offshore transmission assets. TC Gunfleet Sands OFTO Ltd was awarded a transmission licence and took ownership of the assets on 19th July 2011. The transfer value of the assets was £49.5m.
The Gunfleet Sands offshore transmission assets connect the 184MW Gunfleet Sands 1 and 2 offshore windfarms to the 132kV electricity distribution network at Clacton substation in Essex. The 132kV export cable route is 9km offshore and 4km onshore.
The Gunfleet Sands offshore transmission assets were the second offshore transmission assets to be acquired by an offshore transmission licensee. The Gunfleet Sands offshore transmission assets has 163.9MW of Transmission Entry Connection. It is the most economic offshore transmission connection to date at £0.3m / MW connected.